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2. En Nasir is a 28 years old executive in a private company earning an annual income of RM78,000. He plans to purchase a
2. En Nasir is a 28 years old executive in a private company earning an annual income of RM78,000. He plans to purchase a house. He has already saved RM50,000 and have no other obligations. He plans to buy a house that cost him RM400,000. The bank is offering an interest of 5% for the entire loan tenure. When applying for the loan, he has the option of buying MRTA for RM1,675. a. b. How much would En. Nasir need to pay monthly? Is En. Nasir eligible to purchase the property? (6 marks) (4 marks)
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
